Stormfield Funded a $3,950,000 Multifamily Bridge Loan in Winston-Salem, NC

Stormfield Capital funded a $3,950,000 multifamily bridge loan to support the acquisition and full gut renovation of a 3-building, 45-unit multifamily portfolio in Winston-Salem, North Carolina. The co-sponsors, experienced real estate operators running a vertically integrated value-add platform, acquired the severely under-occupied property with plans to complete comprehensive renovations across all three buildings and reposition the asset at market-rate rents. The sponsors’ credibility was supported by a comparable completed gut renovation in the immediate submarket the prior year. The loan was structured at 62% LTV. Demonstrated execution capability, an established renovation track record, and a clear repositioning strategy supported the lending decision.